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Bank of America Business Capital Refinances $100MM Facility for Haggar

January 11, 2013, 07:43 AM

Bank of America Business Capital, as sole lender and administrative agent, has refinanced a $100 million asset-based credit facility for Haggar Clothing, Haggar Women’s Wear, and Haggar Direct. Proceeds will be used for general working capital purposes.

Since its beginnings in Dallas, TX  in 1926, the Haggar Clothing Co. has grown from a manufacturer of men's fine dress pants and slacks into one of the most recognized apparel brands in the market, with Haggar casual pants, dress pants and suit separates offering head-to-toe clothing options for style-conscious men of all ages and professions. In addition to its Haggar brand, the company has launched the highly successful and eco-friendly LK Life Khaki Pant brand. Haggar Clothing Co. today enjoys the number one market position in men's dress pants in the United States, as well as the number two share in men's casual pants.

Bank of America Business Capital is one of the world’s largest asset-based lenders, with more than ten primary offices serving the United States, Canada and Europe. It provides corporate borrowers with senior secured loans of $20 million or more, cash management, interest rate and foreign exchange risk management, and a broad array of capital markets products.

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